MSE News: Energy price hikes for hundreds of thousands

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Some face rises of 23% which could add £186 a year to a typical bill as 14 cheap gas and electricity deals end this week ..."

Read the full story:
Energy price hikes for hundreds of thousands

Premier_2

The following deals all ended yesterday or today, according to Energyhelpline, meaning anyone on them will now face a hike.

• British Gas Price Guarantee March 2011
• EDF Energy Annual Fix 2
• EDF Energy Online Saver 5
• EDF Energy Discount Plan 2
• Eon EnergySaver R1
• Eon Price Protection R2
• Eon FixOnline 6
• Npower Sign Online 17
• Npower Web 17
• Scottish Power Fix 'n' Flex April 2011
• Scottish Power Capped for Free
• Scottish Power Capped Price Energy April 2011
• Scottish Power Price Tracker April 2011
• Scottish Power Discounted Energy April 2011

Is this another typical Daily Express scare-mongering headline? :cool:

Have any of these products really been 'pulled'?
Has anyone really been turfed off these deals?

Or is it simply a case that a wise decision in the past by certain customers to fix/cap rates has now come to it contractual end, an end date that customers knew about when they originally agreed to the deal?
If so, there are no 'price-hikes'; the deal they were on has now ended and they will have to search for a new deal (which your article explains how), or failing that get put onto a currently available tariff the supplier would have advised them of.

LesU

I'm surprised that Atlantic aren't on the list. My fixed price tariff came to an end on March 31st and the replacement tariff is more than 25% higher for electric and 30% higher for gas.
Needless to say, I am soon to become an ex-Atlantic customer.

t0rt0ise

Scare tactics. I thought I was reading the Daily Mail for a minute.

NPowerUser

I was on NPower Sign Online 17 tariff and I have decided to switch to a capped tariff to 31st May 2012. I did a price comp based purely on Kwh useage on both fuels. Goodbye Online 17 and hello to Go Fix 5, again with NPower. Thought I might have to change my username for a minute.

It worked out I am about £56 a year worse off from now on, probably a little less after taking into the cashback for switching. I am happy to pay just over £1 a week more now on the gamble that prices will rise between now and 31/5/12 by more than this capped figure. Who can tell, its all a gamble but at least in the unlikely event of massive price falls in the price of gas/electricity, I could still pay a termination charge if I need to.

My gut feeling is that prices will jump greater than 5% over the next 14 months.